Big enters Bulgaria: acquires 7 properties for €223 million

In depth

The Big group signed an agreement to acquire seven open commercial centers in Bulgaria, with a total area of approximately 140 thousand square meters. According to Calcalist, the deal includes three active centers and four in development stages. According to Maariv, two of the centers are in Sofia.

The total consideration in the deal is estimated at approximately €223 million. According to Calcalist, Big expects an annual NOI of €16.8 million from the properties. According to Bizportal, the yield on the price is approximately 7.5%.

According to Maariv, three of the centers will be bought immediately, and four more, which are in development, will be bought within a year and a half. According to Bizportal, the four centers under construction will open by 2028 and will be branded Big.